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Dec 11, 2012
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i would say look at the performance of mr. monti and mr. berlusconi, you can't really say that mr. monti's performance is astonishing. we've had two crises during his office. of course, we cannot -- you cannot justify blame him. it's the legacy of the past when we had a crisis during the berlusconi government. having said that, i think the big sentiment here is that mr. monti had a widespread european recognition amongst leaders who arrest mr. monti in the late stage of his government did find some sort of -- i would say pressure from him, european leaders, to step down. >> we're starting to see a bid of would ittening. besides the debt market and the shares held outside the one, increasing corners are concerned. >> the statistics, i should point out that the ratio of holders of italian government debt has increased over the past 12 months. we are not where we were two years ago, not only in spain, but in italy. one of the few countries in the eurozone where the share of international investors, but i think if we were to talk about the flows, we should be looking more at france tha
i would say look at the performance of mr. monti and mr. berlusconi, you can't really say that mr. monti's performance is astonishing. we've had two crises during his office. of course, we cannot -- you cannot justify blame him. it's the legacy of the past when we had a crisis during the berlusconi government. having said that, i think the big sentiment here is that mr. monti had a widespread european recognition amongst leaders who arrest mr. monti in the late stage of his government did find...
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monti said yes. interestingly and bustling really so suddenly there had bones that will go by the guardian state and then the dickless bones their own bones but bones bones. both of them of that with a c b and therefore borrowed from base to be using those bones that would go by the italian state in order to get their filthy hands on warm. meanwhile because of they've done a good at these of these bombs they die liam public that group. it's an absurd process that you just don't understand how it's any kind of sustainable solution with everything we're talking about so here's the question there really remains for us the honest which is this maybe european leaders maybe bank executives some of these that you're talking about need psychotherapy because it's more than a write down that's needed ok you said that european leaders are in denial and if they're in denial that's a long way away from acceptance there are about seven stages of grief if i'm correct and dials on one and acceptances all the way dow
monti said yes. interestingly and bustling really so suddenly there had bones that will go by the guardian state and then the dickless bones their own bones but bones bones. both of them of that with a c b and therefore borrowed from base to be using those bones that would go by the italian state in order to get their filthy hands on warm. meanwhile because of they've done a good at these of these bombs they die liam public that group. it's an absurd process that you just don't understand how...
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Dec 10, 2012
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>> i think mr. bersani will keep going on the route that monti vaeted. this is what we need for a strong europe. i do not think that berlusconi is a man we need to worry about. he is a man that is almost 80 years old and i don't really think that he has a significant appeal on the italian population. italians are smarter than that. they know that now the crisis is very deep and we need to pursue a different pathway than the one of dreams and fantasies that mr. berlusconi is usually telling people. they know these are just lies. >> coming back to bersani, you say that he will stick with the austerity drive. i'm wondering because marto monti's popularity has suffered over the last couple of weeks because the italian population is feeling the pain of austerity. will he have to backtrack somewhat on how harsh these austerity measures are going to be? >> the decreasing popularity of mr. monti is probably related to the fact that just in the last few weeks, people in italy had to pay for the first time a new tax on their home. obviously, particularly on the so
>> i think mr. bersani will keep going on the route that monti vaeted. this is what we need for a strong europe. i do not think that berlusconi is a man we need to worry about. he is a man that is almost 80 years old and i don't really think that he has a significant appeal on the italian population. italians are smarter than that. they know that now the crisis is very deep and we need to pursue a different pathway than the one of dreams and fantasies that mr. berlusconi is usually...
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Aug 2, 2012
08/12
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. >> can mr. monti to stop his economy sper suede mr. ma how take a bakeout. he doesn't not the economy to deteriorate like spain has. when you look at the unemployment rate below 25%, total public dpebt less than it let. 72.1% of gdp. if you add in continuing bailouts of the banks, that number is going to rise. we saw spanish auction costs rise today, two-year, 4.8% and four-year 6%. those yields are clearly unsustainable in auction. they don't have to borrow any more money this month. the question is these two men meet is what can mr. monti persuade him to do. julia is in madrid for us. to get the ecb to act and the bailout funds to work, they have to take a bailout with light conditions. is he going to do that? >> politically, that would be very difficult for him. i think perhaps the suggestion today is if we could perhaps see light, say they would yucatan peninsula help from the esf 2 that might be a bitter pill to swallow but we heard from the chief of the treasury in spain, he said there's nowhere near asking for help. we married from the economics minis
. >> can mr. monti to stop his economy sper suede mr. ma how take a bakeout. he doesn't not the economy to deteriorate like spain has. when you look at the unemployment rate below 25%, total public dpebt less than it let. 72.1% of gdp. if you add in continuing bailouts of the banks, that number is going to rise. we saw spanish auction costs rise today, two-year, 4.8% and four-year 6%. those yields are clearly unsustainable in auction. they don't have to borrow any more money this month....
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i am also convinced that mr monti is in a certain way doing a good job so i think that he will manage right mayor of the town of silver outright lie with us on the line from the capital room thanks for that. well look now at some other stories making headlines around the world british police brought charges against eight people in connection with the phone hacking scandal at a top paper owned by rupert murdoch among them are m.p. for later became the prime minister's media chief and former news international chief executive rebecca brooks the charges relate to illegally accessing the voice mail for thousands of people including that of a missing school girl who was later found murdered. the man accused of a massacre at a screening of the new batman film in the u.s. has made his first court appearance james holmes was charged with the killing of twelve people and injuring fifty eight more in the shooting in aurora colorado the twenty four year old didn't speak at any point during the hearing prosecutors said holmes could face the death penalty if found guilty. over one hundred people h
i am also convinced that mr monti is in a certain way doing a good job so i think that he will manage right mayor of the town of silver outright lie with us on the line from the capital room thanks for that. well look now at some other stories making headlines around the world british police brought charges against eight people in connection with the phone hacking scandal at a top paper owned by rupert murdoch among them are m.p. for later became the prime minister's media chief and former news...
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professor site can you hear me mr monti the sanctions are hurting ordinary iranians and if that is objective let there is no doubt that the europeans and the americans want ordinary iranians to suffer to feel shortages of medicine for food starts to become more expensive for people to lose their jobs that is the objective because they're basically trying to prevent iran from importing and exporting anything that's why they shut down the central bank and that's why they're trying to force third countries from even doing trade with iran so the intention really is to to disrupt the iranian economy as much as possible possible and of course for people to die just like what they did with iraq the difference here though is that iran is not iraq it is a much more powerful country it has a very strong economy and the people really are united behind the nuclear program because the universe the nuclear program is iran sovereign right iran has never been in breach of then p.t. and the iranians will only this will only make iranians more angry with the west and the iranians recall that in the one nine h
professor site can you hear me mr monti the sanctions are hurting ordinary iranians and if that is objective let there is no doubt that the europeans and the americans want ordinary iranians to suffer to feel shortages of medicine for food starts to become more expensive for people to lose their jobs that is the objective because they're basically trying to prevent iran from importing and exporting anything that's why they shut down the central bank and that's why they're trying to force third...
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be able to keep spending in a quiz i socialist fashion as it's done for fifty years and ultimately mr monti is in a very hard place he can't reform fast enough at the same time there are some possible ways like for italy because ultimately their debt is huge but actually their current to kind of what they're borrowing at the moment is very very modest nevertheless it's going to be a very very tricky part of the prosperity because they've got this incredible overhanging debt from fifty years of what was supposedly sent to right ruled by the christian democrats but was really old fashioned left wing spend it also sure as a young live in london thank you for your thoughts as always. fun to check out what else is happening around the world in our world update to vote counting is underway after ukraine's parliamentary election with over seventy five percent of the ballots counted the ruling party leads but opposition parties have more votes in total it could pose problems for president. your position promises to impeach him for constitutional violations if they gain enough influence in par
be able to keep spending in a quiz i socialist fashion as it's done for fifty years and ultimately mr monti is in a very hard place he can't reform fast enough at the same time there are some possible ways like for italy because ultimately their debt is huge but actually their current to kind of what they're borrowing at the moment is very very modest nevertheless it's going to be a very very tricky part of the prosperity because they've got this incredible overhanging debt from fifty years of...
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Aug 7, 2012
08/12
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how much does that cloud the picture for mr. monti? >> well, you know, basically this is the worst sign for the italian economy since the end of 2009. basically the worst part of this number is there's no sign of recovery overall in the real economy. basically, we're paying high toll to the sovereign crisis in terms of the effect of the austerity package of the government of mario monti but also of the credit crunch. less money for the private families and also companies and higher costs of borrowing and also there's a connection between the consumer confidence and the spread, now there's a deleverage in the private-sector very fast and it's 2.4 in terms of the contraction of the domestic consumption and as was anticipated in terms of industrial production also the situation is pretty dark in some sectors since the beginning the year down 22% but not just durable goods also in terms of services. we have booking for hotels down 18% here year-on-year. six out of ten italians will not go on holidays in august which is quite unusual for th
how much does that cloud the picture for mr. monti? >> well, you know, basically this is the worst sign for the italian economy since the end of 2009. basically the worst part of this number is there's no sign of recovery overall in the real economy. basically, we're paying high toll to the sovereign crisis in terms of the effect of the austerity package of the government of mario monti but also of the credit crunch. less money for the private families and also companies and higher costs...
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Dec 12, 2012
12/12
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berlusconi and mr. monty. he agrees with mr. berlusconi on one thing. he says spreads are all just based on speculation. >> translator: the spread is completely detached from the real economy. the spread is mental hallucination created by speculation in the banking sector because half of the italian debt is owned by foreign banks. these banks try to get high rate in order to earn more. so we are a victim of banking speculation, of both foreign and domestic banks. we shall detach from the real economy. we need to stop this vicious cycle of debt that is strangling us. >> reporter: many would argue it's the right time for mario monty to leave the political scene. would you agree? >> translator: he needs to disappear. he was, as the americans say, a bluff, a bubble, a bankruptcy curator. our country went bankrupt last year. half of the debt was in french and german banks. had we gone bankrupt last year, europe would have ended. so they sent in monty to manage the situation in order for the german and french banks to get their money back. the ucb printed out
berlusconi and mr. monty. he agrees with mr. berlusconi on one thing. he says spreads are all just based on speculation. >> translator: the spread is completely detached from the real economy. the spread is mental hallucination created by speculation in the banking sector because half of the italian debt is owned by foreign banks. these banks try to get high rate in order to earn more. so we are a victim of banking speculation, of both foreign and domestic banks. we shall detach from the...
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Dec 19, 2012
12/12
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monti to step down. of course, they weren't necessarily with the bank when all this manipulation happened. someone's going to take responsibility, right? >> yeah. i think this would be really harsh on the -- on the top management. the top management is only in charge since 2011. so clearly after the libor manipulation is over and -- i think we'll see something like 35 traders being charged for this, and i think this is probably what will happen. the management of the investment bank has changed several times since then. and i don't think anything would be necessary right now with the new management. >> dirk, you mentioned, too, broader concern. what happened at barclays spurred basically a restructuring. ubs we're seeing that restructuring take place. what are the prospects for this company going into 2013? >> well, ubs by its own admission expects mid single digit roes for 2013 and 2014. so this is one of the lowest roes in the banking sectorment at t -- sector. they're trading at multiples. i think we'
monti to step down. of course, they weren't necessarily with the bank when all this manipulation happened. someone's going to take responsibility, right? >> yeah. i think this would be really harsh on the -- on the top management. the top management is only in charge since 2011. so clearly after the libor manipulation is over and -- i think we'll see something like 35 traders being charged for this, and i think this is probably what will happen. the management of the investment bank has...
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May 23, 2012
05/12
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so mr. holland, is the head of france, and mr. monti, the head of italy med and made a statement. we think euro bonds are a possible absolute. we know ms. merkel is oppose to this, but a meeting beforehand is an indication they'll go in with a united front. they're going to be disappointed, because you won't find a simple path. probably a year to two years. to pull it off. >> and the germans so far versus resisting it. >> in a big way. >> what we need immediately is some path to recapitalizing the european banking system. that's what i'm concerned about. i'm not sure they can come up with a proposal tonight to satisfy everyone. >> that's a good point. >> the two leaders said we'll make some decisions on where we want to go by june. i don't know if the market will wait by june. that worries me. >> we're seeing any asset they can sell, they sell. barclays selling the blackrock. any way they can sell and get capital raising, they're doing it. thanks so much, bob pisani. >> up next, she speaks. sheryl sandberg making a play, to hem facebook stock. you've got to hear this one. julie bo
so mr. holland, is the head of france, and mr. monti, the head of italy med and made a statement. we think euro bonds are a possible absolute. we know ms. merkel is oppose to this, but a meeting beforehand is an indication they'll go in with a united front. they're going to be disappointed, because you won't find a simple path. probably a year to two years. to pull it off. >> and the germans so far versus resisting it. >> in a big way. >> what we need immediately is some path...
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Sep 10, 2012
09/12
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and i think the reason why either mr. monti or even mr. van rompuy, the longer they wait, the thought is conditionality might be less severe. i think it's in their interest to sort of wait until the last minute. i think the good news is this program n an unlimited form, has as mario draghi has indicated, does reduce the left tail risk of financial markets. that should be good not only for europe but certainly for the rest of the world. >> the announcement alone pushed interest rates down, you know, the yield on the ten-year for spain, back below 7% italy, around 6%. so, it was just the announcement alone a positive. but, brian, he did leave the door open for later. he said, you know, look, if we decide to access it at some point, there's no drama, no stigma attached. we could but right now we don't need to. >> yeah. and in a way, italy is one of the better countries in the eu in doing austerity. they've actually cut spending. now, i don't necessarily like the tax hikes they've done, but they still have to do more. they have an incredible a
and i think the reason why either mr. monti or even mr. van rompuy, the longer they wait, the thought is conditionality might be less severe. i think it's in their interest to sort of wait until the last minute. i think the good news is this program n an unlimited form, has as mario draghi has indicated, does reduce the left tail risk of financial markets. that should be good not only for europe but certainly for the rest of the world. >> the announcement alone pushed interest rates down,...
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Jul 30, 2012
07/12
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so there's a lot of things in the works and it doesn't matter how much mr. monti and merkel stand up we do everything to save the euro in brackets but maybe there's a lot of things we can do close brackets. no matter how much money they throw into the euro zone crisis at the end of the day they have to solve the banking and debt problem. >> that's a fair point. wi let's get back to andrew and kathleen. are we setting ourselves up for a bit of a fall on the ecb hopes? >> probably a chance for a disappointment. the markets are used to disappointment these days. but it's whether or not -- i think it will be a fascinating meeting. you have draghi saying one thing. staking his credibility. on the other hand you have the bund bank -- >> don't know what he said he's going to do other than he said the transmission mechanism is broken that comes under our mandate. he hasn't said anything about what he's going to do. >> you kind of sit there and there's nothing concrete on the table. euro is rallying. one expects it to come off a little bit. he hasn't said he would do
so there's a lot of things in the works and it doesn't matter how much mr. monti and merkel stand up we do everything to save the euro in brackets but maybe there's a lot of things we can do close brackets. no matter how much money they throw into the euro zone crisis at the end of the day they have to solve the banking and debt problem. >> that's a fair point. wi let's get back to andrew and kathleen. are we setting ourselves up for a bit of a fall on the ecb hopes? >> probably a...
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Nov 14, 2012
11/12
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you've got to remember, this time last year as mr. berlusconi was leaving office and mr. monti was arriving, we were wondering how they'd get through 2012. >>> a couple of earnings now to bring you this morning. prudential has just edged analysts' expectations with a 13% rise in new business profit to $1.7 billion pounds. strong growth in asia was behind the uplift. the ceo told cnbc prudential is facing increased competition as a result of its asian acquisitions strategy. >> we are big victims of our success. i think we've done a good job promoting asia and telling the asian stories. almost every company has a strategy to develop health. the strategy is being imitated. it means more competition. he told me look, we look at what you did. it was a multi-country agreement and got 150 branchs in thailand. doubled every year. so for a bank, that's very atrackive because it's high quality earnings, commission income, not market sensitive. so our edge is our track record. we have the largest platform. we have uob in five countries. banks come to us because they know we can deli
you've got to remember, this time last year as mr. berlusconi was leaving office and mr. monti was arriving, we were wondering how they'd get through 2012. >>> a couple of earnings now to bring you this morning. prudential has just edged analysts' expectations with a 13% rise in new business profit to $1.7 billion pounds. strong growth in asia was behind the uplift. the ceo told cnbc prudential is facing increased competition as a result of its asian acquisitions strategy. >> we...
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world we have to talk about a few of the honorees they include christine legarde mario draghi mario monti from paul and we can never forget to include warren buffett and you can just guess who penned the write up to go along with mr buffett if you can take a look it is true that by for him it's for the warren buffett for example let me tell you what with all the economic. progress on both of you for the. from warren buffett pays a lower tax rate than a secretary. these guys are still in bed together so obama rode warren buffett's most loyal person right up as far as corny capitalism is concerned though i think obama is kind of getting played by warren buffett right but we're both as a book part of the league jury and of the rock obama. is is is is the high seas and he is loving warm cover have his way with him and grant obama should basically grope her and do something realistic and something that people want to sort of basically just do whatever warren buffett wants and play the tune of one buffet which is like i'm just a little paper boy with the whole old you're not and obama didn't ha
world we have to talk about a few of the honorees they include christine legarde mario draghi mario monti from paul and we can never forget to include warren buffett and you can just guess who penned the write up to go along with mr buffett if you can take a look it is true that by for him it's for the warren buffett for example let me tell you what with all the economic. progress on both of you for the. from warren buffett pays a lower tax rate than a secretary. these guys are still in bed...
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in the world we have to talk about a few honorees they include christine legarde mario draghi mario monti ron paul and we can never forget to include warren buffett and you can just guess who penned the write up to go along with mr buffett if you can take a look it is true that part for the sport of warren buffett for example let me tell you what is with all the economic. but you don't vote for you for the right for in war both pays a lower tax rate than a secretary. if guys are still in bed together so obama rode warren buffett's most liberal person right up as far as corny capitalism is concerned though i think obama is kind of played by warren buffett right. to leave theory and barack obama. is is is still in the high seas and he is living warren buffett had his way with him and broccoli bamma should basically grow care and do something realistic and something that people want to sort of basically just do whatever warren buffett launch and play the tune of one buffet which is like i'm just a little paper boy with the whole. i don't want to have more and better writing his write up you
in the world we have to talk about a few honorees they include christine legarde mario draghi mario monti ron paul and we can never forget to include warren buffett and you can just guess who penned the write up to go along with mr buffett if you can take a look it is true that part for the sport of warren buffett for example let me tell you what is with all the economic. but you don't vote for you for the right for in war both pays a lower tax rate than a secretary. if guys are still in bed...
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never get to include warren buffett and you can just guess who penned the write up to go along with mr buffett if you can take a look it is true that our for the sport of warren buffett for example let me tell you what is with all the economic. but you don't vote for you for the. for in war both of those lower tax rate than a secretary. these guys are still in bed together so obama rode warren buffett's most logical person right as far as corny capitalism is concerned though i think obama's kind of getting played by warren buffett right before his a book part. to leave theory of barack obama. who is is is selling the high seas and he is loving warren buffett have his way with him and grok obama should basically grope her and do something realistic and so people want to sort of basically just do whatever warren buffett wants and play to the tune of one buffet which is like i'm just a little paper boy we do the whole yesterday and obama didn't have more budget writing his write up he had some time staffer seemingly less exciting i just want to point out the hacker group anonymous grabbed
never get to include warren buffett and you can just guess who penned the write up to go along with mr buffett if you can take a look it is true that our for the sport of warren buffett for example let me tell you what is with all the economic. but you don't vote for you for the. for in war both of those lower tax rate than a secretary. these guys are still in bed together so obama rode warren buffett's most logical person right as far as corny capitalism is concerned though i think obama's...
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May 24, 2012
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. >> mr. peter bone. >> mr. speaker, monti python's parent, it's no more to seize. it has expired. so why does the euro elite continue to claim that it is alive and well? isn't it essential that europe -- breakup of a eurozone before the markets forces economic tsunami? >> what i would say to my honorable friend, i've always been a genuine eurosceptic am skeptical about the your that's why didn't want to join a. but we have to recognize what is now in this country's interest which is for the eurozone to sort out its issues and difficulties. i believe that would involve greater fiscal transfers but i think must involve overtime eurobonds. i thin it involves a more active monetary policy in europe and we should be encouraging european partners to go down this road to make sure the system works properly. we do have to be clear that although, there are real dangers in terms of this organize exits from the euro, because it's not just that countries would devalue and that would've an impact on his commute to think about the impact of financial institutions and banks around eupe, includin
. >> mr. peter bone. >> mr. speaker, monti python's parent, it's no more to seize. it has expired. so why does the euro elite continue to claim that it is alive and well? isn't it essential that europe -- breakup of a eurozone before the markets forces economic tsunami? >> what i would say to my honorable friend, i've always been a genuine eurosceptic am skeptical about the your that's why didn't want to join a. but we have to recognize what is now in this country's interest...
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May 23, 2012
05/12
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. >> mr. peter bone. >> mr. speaker, monti python's parent, it's no more to seize. it has expired. so why does the euro elite continue to claim that it is alive and well? isn't it essential that europe -- breakup of a eurozone before the markets forces economic tsunami? >> what i would say to my honorable friend, i've always been a genuine eurosceptic am skeptical about the your that's why didn't want to join a. but we have to recognize what is now in this country's interest which is for the eurozone to sort out its issues and difficulties. i believe that would involve greater fiscal transfers but i think must involve overtime eurobonds. i think it involves a more active monetary policy in europe and we should be encouraging european partners to go down this road to make sure the system works properly. we do have to be clear that although, there are real dangers in terms of this organize exits from the euro, because it's not just that countries would devalue and that would've an impact on his commute to think about the impact of financial institutions and banks around europe, inclu
. >> mr. peter bone. >> mr. speaker, monti python's parent, it's no more to seize. it has expired. so why does the euro elite continue to claim that it is alive and well? isn't it essential that europe -- breakup of a eurozone before the markets forces economic tsunami? >> what i would say to my honorable friend, i've always been a genuine eurosceptic am skeptical about the your that's why didn't want to join a. but we have to recognize what is now in this country's interest...
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Aug 14, 2012
08/12
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. >> how concerned are you that mr. monti's term expires in just a few months, and he will very likely be succeeded by a normal political leader, maybe even berlusconi coming back. what are the implications of that for structural reform in italy? >> this is certainly a very relevant question, but at the same time, it is as well certainly in the realm of democratic politics, and we respect the democratic prerogatives of the italian people as well as of all other member states. prime minister monti has taken very significant action in order to reinforce structural reforms, for instance the labor market reform is very substantial and will, in time, will in due course help to restore and improve the economic competitiveness of italy. it's very important that italy will continue with its stable fiscal path and at the same time take growth enhancing structural reforms in order to improve the competitiveness of the italian economy, which has been the achilles heel of the country. >> one final question, if we had you back and w
. >> how concerned are you that mr. monti's term expires in just a few months, and he will very likely be succeeded by a normal political leader, maybe even berlusconi coming back. what are the implications of that for structural reform in italy? >> this is certainly a very relevant question, but at the same time, it is as well certainly in the realm of democratic politics, and we respect the democratic prerogatives of the italian people as well as of all other member states. prime...
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Sep 5, 2012
09/12
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the bond buying program, bond purchasing program in the cards, what the senior monti and mr. hollande said yields are not in line with economic realities. are they really? remember where yields for spanish, italian, french bond were before we headed into the eurozone and they would be sing examining dancing if they had been as hoe as they are in inverted commerce. we caught up with some very academic important men in german, the academic mentor, and asked him some of these questions. for example, what the esm should look like and what the ecb could or could not do. here's what he had to say. >> the problem is that a change, the old friend of policymaking because up until now it was forbidden -- it was a rule not to buy bonds and you understand when they started in 2010 is, well, we have to buy some bonds simply to keep the market floating, to keep them flexible. but meanwhile, it's clear, this is not the idea. so, now the idea is simply to support governments. >> one of the problems of massive bond buying programs is that it knocks the whole market system out of sync, so to s
the bond buying program, bond purchasing program in the cards, what the senior monti and mr. hollande said yields are not in line with economic realities. are they really? remember where yields for spanish, italian, french bond were before we headed into the eurozone and they would be sing examining dancing if they had been as hoe as they are in inverted commerce. we caught up with some very academic important men in german, the academic mentor, and asked him some of these questions. for...
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, last year mr. trichet, and business leaders and a big boost for the european economies and done in this most delightful setting on lake como. i'm upset my two favorite anchors are in london and i'm not but maybe we should get you guys to come here. >> i believe you that you're upset not to be here, ross. it looks beautiful behind you. >> it is a beautiful spot. there's been a lot of discussion about what's happened with the ecb as we look ahead to the jobs number as well. it's interesting first thing this morning i spoke to roubini and people have talked about the conditionality the ecb is placing and he didn't think it was so bad. >> until now, spain was playing a game of chicken with the ecb saying, what are you offering? what ecb is offering is quite generous. >> and, of course, his view now what the ecb has done is put the ball squarely in the camp of the politicians to get on with it. this is what jacob frankel said about their task. >> although the actions and statements of the european centr
, last year mr. trichet, and business leaders and a big boost for the european economies and done in this most delightful setting on lake como. i'm upset my two favorite anchors are in london and i'm not but maybe we should get you guys to come here. >> i believe you that you're upset not to be here, ross. it looks beautiful behind you. >> it is a beautiful spot. there's been a lot of discussion about what's happened with the ecb as we look ahead to the jobs number as well. it's...
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that if we were having an election tomorrow the result will be that you know the greeks would like mr barber the most as a prime minister and the would like a mario monti as a prime minister you might have a very different result there and it looks like there is a trend develop we mean in some other southern european countries like spain and portugal we've seen the results of the elections in spain that's completely changed what was happening in the prime minister role so i think having him having a union means that you need to think about all your members and you need to be inclusive and at the moment the problem with the european union is that although stages in its inception was going to be an inclusive union giving to the less developed member states opportunities to develop sort of structural funds through the financing that the commission of the law established back in the eighty's and we now move to a union which is basically dominated by two if not one country doing whatever they want keeping the common currency low because we need to put that into the equation germany right n
that if we were having an election tomorrow the result will be that you know the greeks would like mr barber the most as a prime minister and the would like a mario monti as a prime minister you might have a very different result there and it looks like there is a trend develop we mean in some other southern european countries like spain and portugal we've seen the results of the elections in spain that's completely changed what was happening in the prime minister role so i think having him...
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Jun 12, 2012
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it's just a starting point, but mr. monti, the prime minister constantly keeps say we are working in that direction. i think fitch had interesting comments this morning, all sovereigns will face more downgrades unless we get decisive action to deal with the european -- that's a shot acrow the bow that the spanish bailout isn't nearly sufficient enough. >> if they do lose certain characteristics, other investors cannot even think about buys the sovereign debt. >> that's right. which brings us to the final point and the hottest thing, the european banking union. this is the hot phrase in europe, mr. baroso came in this morning and said we need it. apparently it's three ideas, seems to be a hash of different ideas, but guaranteed across europe, gun garen tee across europe, regulatory oversight, more government. that's what ms. merkel sell this morning. we need more upyap government, but everyone has to be prepared to give up more sovereignty. it's going to have to happen. >>> finally a point on india, did you what's happen
it's just a starting point, but mr. monti, the prime minister constantly keeps say we are working in that direction. i think fitch had interesting comments this morning, all sovereigns will face more downgrades unless we get decisive action to deal with the european -- that's a shot acrow the bow that the spanish bailout isn't nearly sufficient enough. >> if they do lose certain characteristics, other investors cannot even think about buys the sovereign debt. >> that's right. which...
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morgan so you figure well mr parker either moves prioritize the interests of the greek people or the interests of the bankers we have a similar situation if we were mario monti is the european president the chairman for the trilateral commission and the second question matt is who is all this money owed to i mean this sovereign debt crisis as i said happens time and again our banker is that stupid that they always make the mistake of lending too much money to countries and are governments that stupid that they take loans much more than they can pay back or i insist is this part of a model where like shylock's pound of flesh you ability of the solver and this is literally used to control the entire country the parliamentary elections are due in april but with the current coalition government set to make written commitments to implementing these reforms do you think a new government will have no choice on how to deal with the debt crisis. well a new government will have no choice because it will probably be a new government that is in one way or another subordinated to a global power m
morgan so you figure well mr parker either moves prioritize the interests of the greek people or the interests of the bankers we have a similar situation if we were mario monti is the european president the chairman for the trilateral commission and the second question matt is who is all this money owed to i mean this sovereign debt crisis as i said happens time and again our banker is that stupid that they always make the mistake of lending too much money to countries and are governments that...
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May 23, 2012
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. >> mr. speaker, the euro is as dead as monty python. elite continueo to claim that it is alive and well? isn't it importan-- before the o force an economic tsunami? >> what i would say to my friend is i am always a genuine euro skeptic. we have to recognize that it is in this country's interest, for the eurozone to sort out its issues and differences. i think that must involve overtime eurobonds. it involves a more active monetary policy. we should be encouraging european partners to go down this road to make sure the system worked properly. we have to be clear that although there are real dangers in terms of disorganized exit from the euro, you have to think about the impact on financial institutions and banks around europe including british banks. it is important that the eurozone put in place the plant to keep them safe. >> now that he is lecturing greece about the need for growth and we need a little bit in spain, and also in the eurozone, for the sake of clarity, can we get to the bottom of this growth here? repeat these words afte
. >> mr. speaker, the euro is as dead as monty python. elite continueo to claim that it is alive and well? isn't it importan-- before the o force an economic tsunami? >> what i would say to my friend is i am always a genuine euro skeptic. we have to recognize that it is in this country's interest, for the eurozone to sort out its issues and differences. i think that must involve overtime eurobonds. it involves a more active monetary policy. we should be encouraging european partners...
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Aug 17, 2012
08/12
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and finally, monty says immigrants have and still are the pillar of our nation. they come with one mouth, two hard working hands, and they earn every penny. and from our facebook page, there are also comments being made, richard says this is open -- this has opened the door for so much fraud. i'm sure all these young people had no idea what citizenship was. now we must deal with these immigrants but we must stop this invasion or make this one big corrupt mexico country just north of the border. in facebook.com/cspan, in case you'd like to continue that conversation. our next call from rebecca in richmond, virginia, republican line. hi rebecca. caller: hi, good morning. i just wanted to agree with the last two people. i have illegal family here, and i think it's a good idea. because they came here when they were young, they've worked really hard for everything, and they have two working hands, like the other person says, so they can go out and find a job, go to school. if they want to go to school and they have no criminal records, why not? that is -- it's good fo
and finally, monty says immigrants have and still are the pillar of our nation. they come with one mouth, two hard working hands, and they earn every penny. and from our facebook page, there are also comments being made, richard says this is open -- this has opened the door for so much fraud. i'm sure all these young people had no idea what citizenship was. now we must deal with these immigrants but we must stop this invasion or make this one big corrupt mexico country just north of the border....
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Aug 7, 2012
08/12
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we're going to see widespread belief now that monty has -- monty draghi axis very much that mr. draghi is going to lay out a much clearer path to what they're going to do. in addition to what's going on with the efs with the bailout funds. so this is basically the idea that we're working on. we're seeing this modest rally go on. i think -- somebody should stand up and yell about it. >> well you're getting a good start on that front. it feels like the turn was draghi turning his attention to the short end. >> it was. and by the way, the immediate response was very negative. we all sit around and try to convince ourselves, wait a minute we're looking at this the wrong way. maybe it was the triumph of the doves or the bulls because the initial response was definitely negative to draghi. in second look at it he did lay out a much clearer path of what they want to do. he's an economics professor, you know, that's out there essentially, monty is an economics professor as well. >> all right bob. we'll continue to watch it. bob pisani. gary kaminsky talking chesapeake. interesting comme
we're going to see widespread belief now that monty has -- monty draghi axis very much that mr. draghi is going to lay out a much clearer path to what they're going to do. in addition to what's going on with the efs with the bailout funds. so this is basically the idea that we're working on. we're seeing this modest rally go on. i think -- somebody should stand up and yell about it. >> well you're getting a good start on that front. it feels like the turn was draghi turning his attention...